MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8377)	8/19/2001 3:55:14 PM
From: James F. Hopkins	Read Replies (1) of 19219

JT; The dollar is the fly in the soup, if it keeps falling the market don't have a chance. The falling dollar is turning every thing up-side down. I don't want to say we will break below the April Lows but the chance is very real and at least 50/50 before this is over. We should get a short term bounce before taht happens however I don't see any rocket ship to the moon, but more like a dead cat bounce that will sputter out and stall. ----------------- I don't get time to track the TA's/Nav = shares out until the weekends. But the share out bull/bear ratio for last week was not for a rally, the 13th was screaming to short it. The 17th looked OK to go long but just OK. Again the dollar better not fall with this rate cut or you will see some real capitulation. I hope it's recent fall was pricing it in. Jim

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